The Home Depot, Inc. $HD Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 48,907 shares of the home improvement retailer’s stock after selling 5,174 shares during the quarter. Hantz Financial Services Inc.’s holdings in Home Depot were worth $19,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HD. Sagard Holdings Management Inc. purchased a new position in shares of Home Depot during the 2nd quarter valued at about $29,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot during the second quarter worth about $32,000. Dougherty Wealth Advisers LLC purchased a new position in Home Depot during the third quarter valued at approximately $38,000. AXS Investments LLC acquired a new position in Home Depot in the third quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC acquired a new position in Home Depot in the third quarter valued at approximately $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.8%

Shares of HD opened at $380.97 on Wednesday. The stock has a 50 day moving average price of $361.11 and a 200 day moving average price of $379.28. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $379.26 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 13.50 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the firm earned $3.78 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.71%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. DA Davidson dropped their price target on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Oppenheimer cut their price objective on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a report on Friday, December 5th. Stifel Nicolaus lowered their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Finally, Piper Sandler cut their price target on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $404.50.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.